Socialism is a political philosophy that encompasses various theories of economic organization based on either public or direct worker ownership and administration of the means of production and allocation of resources……..
A more comprehensive definition of socialism is an economic system that directly maximizes use-values as opposed to exchange-values and has transcended commodity production and wage labor, along with a corresponding set of social and economic relations, including the organization of economic institutions, the method of resource allocation and post-monetary calculation based on some physical magnitude;…. often implying a method of compensation based on individual merit, the amount of labor expended or individual contribution……….
Socialists generally share the view that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and derives its wealth through a system of exploitation. This in turn creates an unequal society, that fails to provide equal opportunities for everyone to maximise their potential,
and does not utilise technology and resources to their maximum potential nor in the interests of the public.
ksoskins over 14 years ago
He must be a Wall Street executive.
SherriannPederson over 14 years ago
Socialism is a political philosophy that encompasses various theories of economic organization based on either public or direct worker ownership and administration of the means of production and allocation of resources……..
A more comprehensive definition of socialism is an economic system that directly maximizes use-values as opposed to exchange-values and has transcended commodity production and wage labor, along with a corresponding set of social and economic relations, including the organization of economic institutions, the method of resource allocation and post-monetary calculation based on some physical magnitude;…. often implying a method of compensation based on individual merit, the amount of labor expended or individual contribution……….
Socialists generally share the view that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and derives its wealth through a system of exploitation. This in turn creates an unequal society, that fails to provide equal opportunities for everyone to maximise their potential, and does not utilise technology and resources to their maximum potential nor in the interests of the public.
gulfcoastgrl over 14 years ago
blah, blah, blah…